Sensex closes 373 points higher, Nifty above 10,600; FMCG leads rally

26 November 2018

Market at Close: Shares were off to a flying start on Monday, thanks to a sharp rally among consumption names in the last couple of hours

Among sectors, financials, automobiles, consumption, and IT names were in the green, while investors sold metals and pharmaceuticals segments. In the broader markets, Nifty Midcap index underperformed benchmarks, but closed with gains of around 0.2 percent.

At the close of market hours, the Sensex was up 373.06 points or 1.07% at 35354.08, while the Nifty ended higher by 101.80 points or 0.97% at 10628.60. The market breadth was negative as 1,080 shares advanced, against a decline of 1,508 shares, while 160 shares were unchanged.

Hero MotoCorp, Wipro, and HUL are the top gainers, while ONGC, Sun Pharma, and Yes Bank lost the most.

Market Update: Benchmark indices are trading strong in the afternoon trade with Nifty is hovering around 10,600 level, while Sensex is trading higher by 250 points.

At 14:12 hrs IST, the Sensex is up 268.92 points at 35249.94, while Nifty up 65.80 points at 10592.60. About 906 shares have advanced, 1515 shares declined, and 136 shares are unchanged.

HUL, Asian Paints, IndusInd Bank, HDFC Bank and Bharti Airtel are the top gainers on the Sensex.

Lupin gets USFDA approval: The company has received approval for its Clomipramine Hydrochloride Capsules USP, 25 mg, 50 mg, and 75 mg from the United States Food and Drug Administration (FDA) to market a generic version of SpecGx LLC's Anafranil Capsules, 25 mg, 50 mg, and 75 mg.

Brent Remains Below $60 per barrel

Oil prices won back some ground after hefty losses on Friday, but remained under pressure with Brent crude below $60 per barrel amid weak fundamentals and struggling financial markets.

Front-month Brent crude oil futures were at $59.66 per barrel, up 1.46 percent, from their last close.

US West Texas Intermediate (WTI) crude futures, were up 1.01 percent, at $50.93 per barrel. (Source: Reuters).

Airtel Africa Appoints Global Banks For IPO

Airtel Africa, a unit of Indian telecom operator Bharti Airtel, said on Monday it had appointed eight banks for an intended initial public offering (IPO) on an international stock exchange.